Infinet Launches Cloud Payroll At Business Cloud

New SuiteApp Streamlines Payroll Processes for Businesses in Australia and New Zealand

Sydney, November 15, 2011— Infinet Cloud Solutions, specialist providers and developers of cloud-based business solutions, today announced the availability of the Infinet Cloud Payroll SuiteApp on the NetSuite (NYSE: N) SuiteCloud computing platform, for Australian and New Zealand businesses looking to streamline payroll services. Built on NetSuite’s SuiteCloud development platform, the new Infinet Cloud Payroll SuiteApp requires no external integration to provide a complete and seamless payroll solution. The result is a simple, highly featured payroll system enriched by NetSuite’s core functionality.

NetSuite’s SuiteCloud is a comprehensive offering of cloud-based products, development tools, and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. The complete SuiteCloud offering includes NetSuite’s multi-tenant, always-on SaaS infrastructure; the NetSuite Business Suite of applications for Accounting/ERP, CRM and Ecommerce; and comprehensive development tools to create on-demand business applications on top of NetSuite.

“The NetSuite SuiteCloud Platform offered Infinet Cloud Solutions an unrivalled foundation to build a payroll solution, offering both HCM (Human Capital Management) and ERP (Enterprise Resource Planning), along with a full user, role and permission model,” said Fraser Selfe, Managing Director at Infinet Cloud Solutions. “This, combined with NetSuite’s flexible customisation and scripting capability, was fundamental to the quality of the solution.”

Working With NetSuite

The Infinet Cloud Payroll SuiteApp provides all the functionality Australian and New Zealand companies need to fulfil their payroll responsibilities; from tax (ATO and IRD) and superannuation calculations through to employee payment and leave accrual. Its flexible configuration allows easy management of employee pay complexities such as allowances, bonuses, deductions, salary sacrifice, expenses and salary packaging. Pay runs are completed using a step-based process allowing time entry and ad hoc additions, the resulting PDF payslips are then generated and distributed automatically.

Added to the payroll benefits is a fully integrated leave management system enabling employees to view their available leave, including forecasting, which allows the business to track their liability as well as staffing levels. Approved or statutory leave is automatically processed as part of the pay run ensuring accurate and reportable data.

The Infinet Cloud Payroll SuiteApp is also fully compatible with NetSuite OneWorld, enabling multi-subsidiary companies to segment their payroll activities and configuration, whilst still benefiting from individual or consolidated financial reports.

By developing on SuiteCloud, Infinet Cloud Solutions was able to leverage many of NetSuite’s core features, most notably: customisable search and reporting, time integration, and the ability to allow external system integration through the SuiteTalk Soap API. These advanced features represent a significant competitive edge in the payroll market.

Infinet Cloud Solution’s approach in delivering bespoke and localised functionality adds significant value to our customers in Australia and New Zealand, said Guido Haarmans, Vice President of Developer Programs and Business Development at NetSuite. “Their implementation underscores the benefits of the SuiteCloud development platform, allowing partners to complete the total solution natively on NetSuite.

About SuiteCloud

NetSuite’s SuiteCloud is a comprehensive offering of cloud-based products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. Based on NetSuite, the world’s most widely used cloud computing business management suite, SuiteCloud enables customers to run their core business operations in the cloud, and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes. The complete SuiteCloud offering includes NetSuite’s multi-tenant, always-on SaaS infrastructure; the NetSuite Business Suite of applications (Accounting/ERP, CRM and Ecommerce); the NS-BOS Development Platform; the SuiteCloud Developer Network (SDN), a comprehensive developer program for Independent Software Vendors (ISVs); and SuiteApp.com, a single-source online marketplace where customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud, please visit http://www.netsuite.com/developers.

About Infinet Cloud Solutions

Infinet Cloud Solutions Pty Ltd is an Australian company specialising in cloud-based solutions for the APAC market. They have a highly experienced team of developers and payroll specialists and are also members of the ATO’s Software Developers Consultative Group (SDCG).